EastGroup Properties Q2 2024 Earnings Report

EastGroup Properties EPS Results

• Actual EPS: $1.14
• Consensus EPS: $2.05
• Beat/Miss: Missed by -$0.91
• One Year Ago EPS: $1.89

EastGroup Properties Revenue Results

• Actual Revenue: $159.09 million
• Expected Revenue: $156.70 million
• Beat/Miss: Beat by +$2.39 million
• YoY Revenue Growth: +13.70%

EastGroup Properties Announcement Details

• Quarter: Q2 2024
• Date: 7/23/2024
• Time: After Market Closes

EastGroup Properties (NYSE:EGP) (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.